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Search Results 0 to 15 of about 16
FOX Business
Dec 31, 2012 6:00pm EST
, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending in the federal budget. you will notice t
MSNBC
Dec 30, 2012 9:00am PST
. i think that would pass. there are ways to avoid the fiscal cliff in the next 36 hours. >> what is that mood like? i know you have been talking to them day in and day out. i was asking you on the commercial break what you are doing on capitol hill, what you are doing now. a lot of hurry up and wait. >> there's a lot of frustration. everybody understands this is a very serious issue. 36 hours from now, the fiscal cliff takes effect if there's inaction. there's some optimism. there's reason to be hopeful. i think the senate is going to come up with a plan we'll be able to vote on in the house. if not, the president put forward a plan that is ready to go now. there's no reason we can't get that done. >> the president has a back-up plan, he wants you to put something forward to make sure the tax cuts stay in place for the middle class. it's something you can support. what is your threshold? is it $400,000 or $500,000? if reid and mcconnell come up with a deal, what would you support? >> i would support $250,000. it's probably going to be higher than $250,000 somewhere between 400,00
FOX News
Dec 27, 2012 10:00am PST
of a truman era farm bill in the fiscal cliff. we will explain coming up next. greg: i love milk. also, politics and the lives of orphans. banning u.s. families from adopting russian children from and what it might mean for the future of parents everywhere who want to adopt children overseas really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. heather: welcome back. epa administrator lisa jackson up and down after four years on the job. her tenure has been marked by controversy. including a high-profile fight with republicans over the keystone pipeline. she is also accused of using a secret e-mail alias to conduct official business. in a statement, she gave no reason for her departure, but said that she would be ready for a new challenge
CNN
Dec 31, 2012 11:00am PST
, sanjay. >>> more on our special coverage of the fast moving negotiations over the fiscal cliff. up next, hear why one high profile democrat says going over the cliff would be good for the stock market. and your 401(k). check this out.  >>> a compromise on the estate tax may be part of a last minute deal in the fiscal cliff. we're talking about how much money you can leave for your loved ones after you die. republicans want to extend the current estate tax that tops out at 35% and affects the states. the outline of the deal that just has been floated together would set the estate tax at 40% and the threshold at $5 million. let's bring christine romans in to make sense out of all of this. what do the numbers mean to real people? >> what it means, it is a victory politically for republicans and it means many republicans have said for a small business owner, small family farmers, people who have worked hard and amassed an estate, it means that they won't have to pay much more than they currently do for an estate tax. this is a true compromise here. because this is what you
CNN
Dec 29, 2012 5:00am PST
. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r. harry reid said he is going to c
CNN
Dec 31, 2012 2:00am PST
that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm out with
FOX News
Dec 30, 2012 9:00am PST
-- whatever's going to happen with the fiscal cliff, you know in the next three or four years, we will have five or six more showdowns. so that will beleaguer the president. he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get the outstanding legislative second-term agend a. there is too much gridlock. he wants to get obamacare if place. he cannot afford in history to have that thwarted, his signature domestic achievement. >> shannon: we can't read their minds, how much does the legacy impact the presidents in their second term? >> gigantic. they all read presidential biographies, that's a hobby. they start to imagine how people are going to look at the
CNN
Dec 31, 2012 6:00am PST
a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care. bush was moved to regular patient room on saturday to continue his recovery. the 88-year-old was initially hospitalized with bronchitis last month, came down last week with a stubborn fever. >>> parts of the midwest are under a windchill advisory today. it's going to feel like 35 below in parts of minneso
FOX News
Dec 24, 2012 8:00am PST
or does one side want us to go off the fiscal cliff? washington insiders weigh in next. we'll be right back. with the spark miles card from capital one, thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch
CNN
Dec 24, 2012 2:00am PST
the fiscal cliff. what the uncertainty in washington means for the markets and your 401(k). why not make lunch more than just lunch? with two times the points on dining in restaurants, you may find yourself asking why not, a lot. chase sapphire preferred. there's more to enjoy. alriwoah! did you get that? and...flip! yep, look at this. it takes like 20 pictures at a time. i never miss anything. isn't that awesome? uh that's really cool. you should upload these. i know, right? that is really amazing. the pictures are so clear. kevin's a handsome devil that phone does everything! search dog tricks. okay, see if we can teach him something cool. look at how lazy kevin is. kevin, get it together dude cmon, kevin take 20 pictures with burst shot on the galaxy s3. [ male announcer ] icy hot arthritis lotion. powerful encapsulated menthol gets icy to dull pain, hot to relax it away. power past pain. >>> very chilly new york city. investors going into a short holiday week worried about a fiscal cliff deal. all markets pointing to a lower open. markets close at 1:00 p.m. eastern today. >>> gas pri
FOX News
Dec 31, 2012 3:00am PST
when it comes to the fiscal cliff. one, we'll see an agreement within the next 48 hours in which case middle class taxes will not go up. if that doesn't happen, then democrats in the senate will put a bill on the floor of the senate and republican also have to decide if they're going to block it. >> biden and mcconnell are said to be only about $100,000 apart on where the bush era tax cuts would expire with the republican pushing for $550,000 a year. democrats offering a 450,000. biden stowed have given up his push to raise the estate tax. democrats are trying to delay spending cuts until 2015 and republicans are demanding more spending cuts to offset extended unemployment benefits and farm subsidies. lot of ground to make up. but mcconnell says his decision to reach out to biden was a good one. >> the vice president and i worked together on solutions before and i believe we can again. i want my colleagues to know that we'll keep everyone updated, the consequences of this are too high for the american people to be engaged in a political mess. i'm interested in getting a result here. >
NBC
Dec 31, 2012 7:00am EST
-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with the president in six weeks over the debt ceiling. under that scenario, that would tell me, okay, he's likely to want to make a deal. when you look at the actions that republicans threw out that idea of throwing in the social security change and suddenly de
CNN
Dec 27, 2012 9:00am PST
cliff. we're going to take look at the biggest money stories of the year. >>> over the next 50 years we need more food produced in the last 10,000 years combined. it's staggering to think where is it going to come from? we're pushing all the food on land and seed food shortages wchl need to open up new frontiers for farming. ♪ [ male announcer ] this december, remember what starts with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the lexus december to remember sales event is on. offering some of our best values of the year. this is the pursuit of perfection. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> three, two, one r, and liftoff. >> may 2012. spacex launched a rocket. it marked a new beginning. private companies instead of nasa sending cargo instead of humans to the station. it was one of the space industry's top accomplishments and one of the top scientific and technological breakthroughs of 2012. some might say 2012 was washingt
FOX News
Dec 28, 2012 8:00am PST
: thank you both from each side, what is left of the fiscal cliff. harris: protecting children in schools after the tragedy in newtown, connecticut, some teachers are wanting to have guns in school. one attorney general says yes. he is standing by to talk with us next. also, the latest on george w. bush and his condition. the 41st president and why report yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. jon: there is growing support for the federal government to sell off billions of dollars worth of its property to help pay down our ballooning national debt. unused buildings, land and other assets could fetch billions, perhaps even trillions on the open market. what do you think of that idea? william la jeunesse live in los angeles with more on this. william? >> reporter: well, jon, why not have a massive garage sale? that is what families do when they need money. in fact the tax foundation called selling unused assets and
FOX News
Dec 28, 2012 6:00am PST
to get anything out of the last minute fiscal cliff talks or is it just for show? democratic congressman chris van hollen is the ranking member of the house budget committee. he will be joining us live coming up in the next hour what he really thinks is going on. patti ann: well the u.s. economy meanwhile could suffer yet another major blow. looming strikes at ports from next sass to boston are threatening to put thousands of americans out of work. with potential losses for u.s. businesses ranging in the billions. >> the port of baltimore is one of maryland's largest economic generators. any type of work action that may result in a suspension or stoppage of work would have an adverse effect. >> we handle more cars, we handle more farm and construction equipment than any other u.s. port. patti ann: we're learning that adverse effect could take a toll on the economy. fox business network's stuart varney has more for us on that this morning. good morning, stu. >> good morning, patti ann. you're talking about two million tons of cargo a day. you're talking about billions of dollars of commer
CSPAN
Dec 28, 2012 9:00am EST
is about taxes, but the talks should be about what we want to talk about today, the medicare fiscal cliff, the looming bankruptcy. there are millions of americans who are counting the days until they are eligible for medicare. it would be a tragedy if when they get to that day they become eligible, there's not enough money to pay the bills. according to the trustees, that day is coming soon, and 11 2024. into a doz 24 the president needs to do a good job in letting people know about the medicare fiscal cliff. senator corker has done some very good work over the last several months in a variety of areas in fiscal matters. a proposal of his that has attracted my support which he will describe is a proposal to help make the medicare program solvent by reducing the growth of out of control spending by nearly $1 trillion in exchange for the expected request from the president for a $1 trillion increase in the debt limit. taking these two provisions together over the next few weeks will provide certainty for the economy, will be the linchpin for a budget agreement that will get the economy goin
Search Results 0 to 15 of about 16